Good financial management is critical in the recovery of the economy.
Former Reserve Bank Governor Savenaca Narube says the economy is expected to decline more sharply with unemployment rising to unprecedented levels.
Narube says the impact of COVID-19 on the economy should not be politicised.
The Fijian economy is projected to record a contraction of negative 4.3 percent.
Narube says the country’s Gross Domestic Product of GDP is expected to drop significantly.
The pandemic-driven economic contractions have resulted in the introduction of several fiscal and monetary measures in an effort to mitigate the economic crisis.